 "Retail investors miss rally in HDFC Standard; stock up 35% to issue price")
Retail investors have missed the rally in HDFC Standard Life Insurance Company as the stock rallied 35% against its issue price.
The stock of the insurance company hit an intra-day high of Rs 391, its highest level since listing on Friday, November 17, 2017. It rallied 35% against its issue price of Rs 290 per share. HDFC Standard Life Insurance Company had raised Rs 8,700 crore through initial public offer (IPO).
The retail portion of the IPO was under-subscribed with the category receiving bids for 87.5 million shares against the issue size of 93.41 million shares. Retail investors
The stock of the insurance company hit an intra-day high of Rs 391, its highest level since listing on Friday, November 17, 2017. It rallied 35% against its issue price of Rs 290 per share. HDFC Standard Life Insurance Company had raised Rs 8,700 crore through initial public offer (IPO).
The retail portion of the IPO was under-subscribed with the category receiving bids for 87.5 million shares against the issue size of 93.41 million shares. Retail investors
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